Luno vs Coinbase

Luno or Coinbase – which is better for UK traders 2024? Compare Luno and Coinbase in this detailed breakdown of their platforms, features and fees.

Luno vs Coinbase Comparison Table 2024

Luno	Coinbase
2	3.5
Luno is ranked #79 among crypto brokers.	Coinbase is ranked #79 among crypto brokers.
Review	Review
Established in 2013, Luno has a mission to make crypto investments simple and accessible for all. The brand has a customer base of 9+ million across 43 countries. Trading fees are competitive, with no market maker charges and access to popular tokens like Bitcoin.	Coinbase is a leading cryptocurrency exchange that provides access to 18,000+ crypto assets that can be traded on the marketplace, stored in a wallet or borrowed via the brand's DeFi function. The US-based firm has over 10 million clients and offers educational support to individual traders and tailor-made derivative products for businesses.
	This post contains affiliate links, and this website will be compensated if you make a purchase after clicking the links.
Pros
Instant Trade, savings wallets, and crypto transactions supported Third-party proof of reserves audits available to view Transparent fee structure with zero market maker charges Market news, insights and educational content available 'Deep Freeze' multi-signature wallets to store cryptos High liquidity and high-speed platform so the spreads are kept low Simple and easy-to-use interface	Powerful purpose-built crypto trading platform with backtesting capabilities Well-regarded crypto exchange with thousands of tokens available One of the most trusted brands in the crypto space Fast execution speeds on the trading software Slick app with excellent customer feedback Margin trading available in some countries You can sign up in three quick steps
Cons
Very narrow range of cryptos with up to 11 tokens available that varies by jurisdiction Poor payment methods with restrictions in some countries Below average customer support with no live chat or telephone Limited analysis tools and features for seasoned traders Not regulated or insured, raising safety concerns	Coinbase trades don't take place anonymously Occasional bugs have caused issues on the system Lower safety score vs established crypto brokers
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
Cryptos	Cryptos
Demo Account
No	No
Minimum Deposit
£1	$0
Payment Methods
Credit Cards Debit Card Wire Transfer	ACH Transfer Apple Pay Credit Cards Debit Card Google Pay PayPal Sofort Visa Wire Transfer
Minimum Trade
£10	0.0001 XBT
Regulator
	CBoI
Mobile Apps
iOS & Android	Yes
iOS App Rating
Android App Rating
Margin Trading
No	Yes
MetaTrader 4
No	No
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	Yes
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Copy Trading
No	No
Social Trading
No	No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$0
Islamic Account
No	No
Cryptocurrency
Luno supports cryptocurrency trading, staking and transferring on major tokens, including Bitcoin, Ethereum, Ripple and Cardano. There are no maker fees and taker fees vary by trading volume starting from 0.10%. 95% of cryptocurrencies are held in 'deep freeze' multi-signature, encrypted wallets.	With some 18,000 digital assets available to trade, Coinbase is one of the leading exchanges in the crypto world with a wider selection of tokens than most alternatives. Traders access crypto markets through a powerful platform and can enjoy margin trading in some jurisdictions. Maker and taker fees are low and there are no hidden account charges.
Spread
Variable	BTC 0.1%, ETH 0.1%
Coins
BTC ETH LTC XRP BCH USDC	BCH BTC ETH LTC XRP IOTA NEO EOS XMR FIL WBTC SHIB BNB
Crypto Lending
Yes	No
Crypto Mining
No	No
Crypto Staking
No	Yes
Auto Market Maker
Yes	No
Luno	Coinbase
Review	Review
	This post contains affiliate links, and this website will be compensated if you make a purchase after clicking the links.
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